Applebee’s at Alton Corners

Investment Highlights

  • Strong Tenant Sales (2.5M)
  • Low Occupancy Cost Ratio (Below 6%)
  • 45 Unit Franchise
  • Scheduled Rent Increases
  • NN Lease with 15% Admin
  • Landlord Responsible for Roof & Structure
  • No Management Responsibility
  • Class “A” Construction
  • Located on Main Retail Corridor
  • Good Visibility from Homer Adams Pkwy
  • Strong Traffic Counts: 25,400 Cars/Day
  • 112,000+ People within 5 Miles
  • Average HH Income: $75,454 (5 Miles)

Offering Summary

  • Price: $2,100,000
  • CAP: 7.02%
  • GLA: 5,053
  • Lease Type: NN
  • Site Area: 1 Acres
  • Occupancy: Single Tenant

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